Carney says Canada’s four largest airports will open to private investment

Prime Minister Mark Carney said Tuesday that the federal government will seek private investment in Canada’s four largest airports while keeping ownership of the land and core assets. The airports named are Toronto Pearson, Vancouver International, Montreal’s Trudeau International and Calgary International. Carney said the plan would use longterm concessions to bring in new capital and expertise, with the goal of funding other infrastructure priorities across the country. The announcement came during the Canada Investment Summit in Toronto, where the government is trying to attract major domestic and international investors. Officials have been signalling interest in airport privatization since last year’s budget, and the plan follows earlier steps to examine the idea through legislation.